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Aug 15, 2024 · When the economic environment has so much uncertainty, higher-risk recovery stocks like Cineplex are even less favourable, as investors prefer reliable recession-resistant companies.
- Is Cineplex a Good Stock to Buy? | The Motley Fool Canada
One example of diversification in action: tech stocks...
- Is Cineplex a Good Stock to Buy? | The Motley Fool Canada
Aug 15, 2024 · When the economic environment has so much uncertainty, higher-risk recovery stocks like Cineplex are even less favourable, as investors prefer reliable recession-resistant companies. However, it’s worth noting that historically, theatres haven’t seen massive dips in their revenue during times of economic turmoil.
- Diversification Strategy Yields Rewards
- Shoring Up The Film Exhibition Business
- So, Is Cineplex A Good Stock to Buy?
- Cineplex (CGX) Stock valuation Unsustainably Low – and A Great Buy
For Cineplex management, the writing was on the wall years ago – streaming was and would continue to eat away at movie exhibition (movie theatre) attendance. So, it was then that they decided to diversify. In was a plan that would take millions of dollars in capital spending and much effort. In short, Cineplex’s recreation room and games strategy e...
Not only did Cineplex management diversify into other forms of entertainment, but they also diversified within their film exhibition business. This meant showing a broader array of films, including Bollywood films and other international movies from places like China, Egypt, and Thailand. It also meant offering a variety of movie-going experiences,...
For me, this question comes down to a few simple facts about Cineplex. Firstly, when a stock is hated on, its valuations are depressed. Secondly, if you find reasons why this hate is unjustified, the stock’s valuation becomes grossly undervalued and unjustifiably low. This is what I see in Cineplex stock. Cineplex’s management has estimated that th...
So, we’ve reviewed how Cineplex has diversified its way into some fast-growing businesses. We’ve also reviewed how it’s changing its movie exhibition business in very creative ways that are drawing movie-watchers into the theatre. Yet, despite all of this, Cineplex’s stock price (CGX) trades at a mere 15 times 2023 and 9 times 2024 expected earning...
Jan 13, 2023 · Though a recession could be yet another punch to the chin of the cinema firm, I’d argue that there’s a good chance that most of the negativity is already more than baked in. Undoubtedly, stock rallies and crashes tend to exaggerate, creating greater distance to a stock’s intrinsic value the longer and more vicious a trend goes.
- Joey Frenette
Jun 17, 2021 · Cineplex stock is one of the top Canadian stocks to buy for its recovery potential. ... tech stocks performed fairly well during the recent pandemic-induced recession, whereas other sectors, such ...
Cineplex stock continues to trade at a considerable discount of 75.39% from its pre-pandemic highs. After years of being in a rut, the pandemic-induced challenges might have subsided.
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Feb 20, 2023 · Cineplex stock remains undervalued as it continues to see a strong recovery in many of its business segments. The post Is Cineplex a Good Stock to Buy? appeared first on The Motley Fool Canada.
